Great opportunity to build some equity with a little vision and a renovation budget! House can be lived in as it is, but could use some repairs and updates. The original 2 family dwelling floor plan has been converted to a HUGE 3 bed / 2 full bath SINGLE FAMILY home that could easily be a 4/5 bed, 3 full bath! Charming entry way with arched doorway; Formal dining room; Large living room with a bay window; Breakfast nook off the kitchen; Main level office could be the family room or easily converted to a 4th bedroom; Spacious, main level laundry room includes cabinetry and a folding counter; Sunroom behind the laundry features a skylight; Huge 2nd floor full bath could be converted back to 2 full bathrooms; Primary bedroom has 2 closets and a sitting room, it could be converted back to 2 separate bedrooms with the simple addition of a wall and 2nd entry door; Full, unfinished basement has daylight window; Carport and 2 driveways for lots of off street parking; Covered front porch and back deck plus a charming side yard surrounded by a privacy fence. Make this diamond in the rough your GEM of the neighborhood!
Pending
$160,000
614 Wallace Ave, Indianapolis, IN 46201
3beds
3,240sqft
Est.:
Residential, Single Family Residence
Built in 1915
4,356 Square Feet Lot
$-- Zestimate®
$49/sqft
$-- HOA
What's special
Covered front porchBack deckFormal dining roomArched doorwayMain level office
- 32 days |
- 739 |
- 17 |
Zillow last checked:
Listing updated:
Listing Provided by:
Teresa Heffernan 317-496-9397,
Epique Inc,
Lora Reynolds 317-496-6291
Source: MIBOR as distributed by MLS GRID,MLS#: 22089224
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 273 Square Feet
- Dimensions: 26x10.5
Bedroom 2
- Level: Upper
- Area: 150 Square Feet
- Dimensions: 15x10
Bedroom 3
- Level: Upper
- Area: 110 Square Feet
- Dimensions: 11x10
Breakfast room
- Level: Main
- Area: 88 Square Feet
- Dimensions: 11x8
Dining room
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Kitchen
- Level: Main
- Area: 104 Square Feet
- Dimensions: 13x8
Laundry
- Level: Main
- Area: 104 Square Feet
- Dimensions: 13x8
Living room
- Level: Main
- Area: 299 Square Feet
- Dimensions: 23x13
Office
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Sun room
- Level: Main
- Area: 135 Square Feet
- Dimensions: 15x9
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Exhaust Fan, Gas Oven, Refrigerator, Washer
- Laundry: Main Level
Features
- Walk-In Closet(s)
- Windows: Wood Work Stained
- Basement: Daylight,Unfinished
Interior area
- Total structure area: 3,240
- Total interior livable area: 3,240 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Carport, Concrete
- Has carport: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck
- Fencing: Fenced,Privacy
Lot
- Size: 4,356 Square Feet
- Features: Sidewalks
Details
- Parcel number: 491004112088000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Aluminum Siding
- Foundation: Block
Condition
- Fixer
- New construction: No
- Year built: 1915
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $49/sqft
- Tax assessed value: $86,200
- Annual tax amount: $654
- Date on market: 3/15/2026
- Cumulative days on market: 34 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/23/2026 | Pending sale | $160,000$49/sqft |
Source:  MIBOR as distributed by MLS GRID #22089224 Report a problem | ||
| 3/15/2026 | Listed for sale | $160,000$49/sqft |
Source: MIBOR as distributed by MLS GRID #22089224 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $483 -15.7% | $86,200 +16.3% |
| 2023 | $574 +18.7% | $74,100 -4.1% |
| 2022 | $483 +8.2% | $77,300 +21% |
| 2021 | $447 +10.1% | $63,900 +7.8% |
| 2020 | $406 +8% | $59,300 +11.9% |
| 2019 | $376 +2.6% | $53,000 +11.1% |
| 2018 | $366 -8.3% | $47,700 +9.2% |
| 2017 | $399 +30.6% | $43,700 +6.8% |
| 2016 | $306 -6.4% | $40,900 -5.3% |
| 2014 | $327 -25.9% | $43,200 -13.4% |
| 2013 | $440 | $49,900 +0.2% |
| 2012 | $440 | $49,800 +27.7% |
| 2011 | -- | $39,000 |
| 2010 | $325 +10.7% | $39,000 |
| 2009 | $293 | $39,000 -6.3% |
| 2007 | -- | $41,600 |
Find assessor info on the county website
Monthly payment
Est. payment
$962/mo
Principal & interest
$834
Property taxes
$128
More affordability tools
Climate risks
Neighborhood: Near Eastside
Nearby schools
GreatSchools rating
- 3/10Ralph Waldo Emerson School 58Grades: PK-6Distance: 0.3 mi
- 6/10Center for Inquiry School 2Grades: K-8Distance: 3.2 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Indiana
- Marion County
- Indianapolis
- 46201
- Near Eastside
- 614 Wallace Ave
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